Item 2. Properties
Item
2. Properties.
The
Company utilities a shared office and service provider as its current corporate
headquarters located at 1185 Avenue of the Americas, Suite 249, New Yok, NY 10036. The Company’s monthly service fee is $136.
The
Company leased its former corporate headquarters at an office facility located at 855 North Wolfe Street, Suite 601, Baltimore, Maryland
20215 (the “Maryland Lease”). The Maryland Lease, as amended, had an initial twelve-month term beginning on May 1, 2024,
which term automatically renewed thereafter until termination by either party upon 60 days’ notice. The monthly rent of the Maryland
Lease is $2,700 and automatically increases 3% on each anniversary date beginning May 1, 2025. On February 26, 2025, the Company provided
notice of its intention not to renew the Maryland Lease, effective April 30, 2025.
We
believe our current facilities are sufficient and adequate for our current needs.
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